Oregon Law
Law as of Jan 1, 2026
Chapter contents
129.005[1975 c.717 §12 (enacted in lieu of 129.010 to 129.080 and 129.110 to 129.140); repealed by 2003 c.279 §36] 129.010[Repealed by 1975 c.717 §1] 129.015[1975 c.717 §11 (enacted in lieu of 129.010 to 129.080 and 129.110 to 129.140); repealed by 2003 c.279 §36] 129.020[Repealed by 1975 c.717 §1] 129.025[1975 c.717 §2 (enacted in lieu of 129.010 to 129.080 and 129.110 to 129.140); 2003 c.14 §47; repealed by 2003 c.279 §36] 129.030[Repealed by 1975 c.717 §1] 129.035[1975 c.717 §4 (enacted in lieu of 129.010 to 129.080 and 129.110 to 129.140); 2003 c.14 §48; repealed by 2003 c.279 §36] 129.040[Repealed by 1975 c.717 §1] 129.045[1975 c.717 §3 (enacted in lieu of 129.010 to 129.080 and 129.110 to 129.140); 2001 c.104 §41; 2003 c.14 §49; repealed by 2003 c.279 §36] 129.050[Amended by 1963 c.437 §1; 1973 c.272 §1; repealed by 1975 c.717 §1] 129.055[1975 c.717 §5 (enacted in lieu of 129.010 to 129.080 and 129.110 to 129.140); repealed by 2003 c.279 §36] 129.060[Repealed by 1975 c.717 §1] 129.065[1975 c.717 §6 (enacted in lieu of 129.010 to 129.080 and 129.110 to 129.140); repealed by 2003 c.279 §36] 129.070[Repealed by 1975 c.717 §1] 129.075[1975 c.717 §7 (enacted in lieu of 129.010 to 129.080 and 129.110 to 129.140); 1991 c.620 §1; repealed by 2003 c.279 §36] 129.080[Repealed by 1975 c.717 §1] 129.085[1975 c.717 §8 (enacted in lieu of 129.010 to 129.080 and 129.110 to 129.140); repealed by 2003 c.279 §36] 129.090[Amended by 1975 c.717 §16; repealed by 2003 c.279 §36] 129.100[Amended by 1975 c.717 §17; repealed by 2003 c.279 §36] 129.105[1975 c.717 §9 (enacted in lieu of 129.010 to 129.080 and 129.110 to 129.140); repealed by 2003 c.279 §36] 129.110[Repealed by 1975 c.717 §1] 129.115[1975 c.717 §10 (enacted in lieu of 129.010 to 129.080 and 129.110 to 129.140); 2003 c.14 §50; repealed by 2003 c.279 §36] 129.120[Repealed by 1975 c.717 §1] 129.125[1975 c.717 §13 (enacted in lieu of 129.010 to 129.080 and 129.110 to 129.140); repealed by 2003 c.279 §36] 129.130[Repealed by 1975 c.717 §1] 129.140[Repealed by 1975 c.717 §1] 129.200UPIA 101. Short title 129.205UPIA 102. Definitions 129.210UPIA 103. Fiduciary duties; general principles 129.215UPIA 104. Trustee’s power to adjust 129.220UPIA 105. Judicial control of discretionary power 129.225Conversion to unitrust 129.250UPIA 201. Determination and distribution of net income 129.255UPIA 202. Distribution to residuary and remainder beneficiaries 129.270UPIA 301. When right to income begins and ends 129.275UPIA 302. Apportionment of receipts and disbursements when decedent dies or income interest begins 129.280UPIA 303. Apportionment when income interest ends 129.300UPIA 401. Character of receipts 129.305UPIA 402. Distribution from trust or estate 129.308UPIA 403. Business and other activities conducted by trustee 129.310UPIA 404. Principal receipts 129.315UPIA 405. Rental property 129.320UPIA 406. Obligation to pay money 129.325UPIA 407. Insurance policies and similar contracts 129.350UPIA 408. Insubstantial allocations not required 129.355UPIA 409. Deferred compensation, annuities and similar payments 129.360UPIA 410. Liquidating asset 129.365UPIA 411. Minerals, water and other natural resources 129.370UPIA 412. Timber 129.375UPIA 413. Property not productive of income 129.380UPIA 414. Derivatives and options 129.385UPIA 415. Asset-backed securities 129.400UPIA 501. Disbursements from income 129.405UPIA 502. Disbursements from principal 129.410UPIA 503. Transfers from income to principal for depreciation 129.415UPIA 504. Transfers from income to reimburse principal 129.420UPIA 505. Income taxes 129.425UPIA 506. Adjustments between principal and income because of taxes 129.450UPIA 601. Uniformity of application and construction

Chapter 129 — Uniform Principal and Income Act

ORS 129.305 UPIA 402. Distribution from trust or estate

A trustee shall allocate to income an amount received as a distribution of income from a trust or an estate in which the trust has an interest other than a purchased interest, and shall allocate to principal an amount received as a distribution of principal from such a trust or estate. If a trustee purchases an interest in a trust that is an investment entity, or a decedent or donor transfers an interest in such a trust to a trustee, ORS 129.300 or 129.385 applies to a receipt from the trust.

Official sources · 1Tap to view provenance and version history

Online copy of the published ORS edition

This independent, nongovernmental service preserves the official source behind every rendered section.

Provenance

Version history

Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.